retailsails (98.38)

July 2011

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The combination of falling gas prices, heavy promotional activity, event-driven spending and unseasonably hot and dry weather helped retailers post robust sales gains in June. However, there continues to be a divergence between those chains that cater to well-heeled shoppers and those that target the low-income consumer, and the gap will only widen as retailers look to pass on higher input costs to consumers in the back half of the year. [more]